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The most famous cryptocurrencies that collapsed over the past day
The last day was not the most successful for the cryptocurrency market — according to CoinGesko, on October 3, the industry’s capitalization fell by almost 2% per day, dropping to $ 1.09 trillion. After BTC $56,314.34 Bitcoin -1.66% Market capitalization $1.11 trillion VOL. 24 hours $2.81 billion tried to break through the $ 28,000 mark, the quotes corrected and dropped to $ 27,398. Some altcoins have also lost significantly in value over the past 24 hours.
Thus, ETH $3,004.97 Ethereum 0.32% Market capitalization $361.21 billion VOL. 24 hours $1.52 billion fell by 3.3% during the reporting period. The market capitalization dropped to $ 197 billion, and daily trading volumes amounted to $ 7.9 billion. At the time of writing, ETN is trading at $ 1640.
In addition, the XRP cryptocurrency lost 2.43% of its value. At the time of writing, the token is trading at $ 0.52. The daily trading volume of XRP exceeded $ 1.7 billion. The worst performer among the top 100 cryptocurrencies was Pepe (PEPE). The meme token’s rate dropped by 9.95% on October 3. At the time of writing, PEPE’s drop is 4%. Traders made $ 39 million in daily transactions.
Quotes of several other digital assets from the top list also dropped significantly. For example, Frax Share (FXS) fell by 6.55% and Sui (SUI) by 6.3%. The THORChain (RUNE) cryptocurrency also lost significantly in value. It fell by 6.1%. At the same time, its quotes are still 20.6% higher than a week ago.
It is worth noting that in October, the market is historically expected to experience seasonal growth, analysts are convinced of this. Thus, the market leader has already risen in price by 5.1% to a six-week high of $ 28,489 at the beginning of this month. This was the highest level since August 17. At that time, the growth of the cryptocurrency market was fueled by rumors that the US Securities and Exchange Commission would approve BlackRock’s application for registration of a spot bitcoin ETF, which it postponed last week.